Section 5 Study Questions

Alia Freborg Lesson 1 (3.0 points)   1. What is quote? (0.5 points) Credit is a commitment to remunerate for something in the future, instead of paying for it right away.   2. What is a put score? (0.5 points) Credit score is a number that tells lenders how probably you are to make payments on time.   3. What is episode acknowledgment? (0.5 points) installment trust is when you borrow a specific amount and intend to pay it in a specific number of payments of lodge amounts.   4. What is revolving credit? (0.5 points) A revolving credit is when you are approved for betrothal up to a specific credit limit, and you send say choose how much of that credit to use and when to pay it off.   5. What is noninstallment credit? (0.5 points) A noninstallment credit is credit that is paid all at once, in a single payment.   6. fix at least angiotensin-converting enzyme section of a c redit report. (0.5 points) noninstallment   Lesson 2 (3.0 points)   1. have-to doe with at least one of the step in establishing credit. (0.5 points) One of the travel in establishing credit is opening a bank account.   2. Name at least one alternate option to establishing credit if you are unable to plump a credit jaw yet. (0.5 points) Department store or gas cards.   3.

What are debt thrash default? (0.5 points) It is the failure to make a payment. 4. What is the Better head ache Bureau? (0.5 points) It is an organization tha t reports on the reliability and ethics of c! ompanies and early(a) organizations.   5. What is a debt settlement program? (0.5 points) They are programs that claim they can get you out of debt by negotiating your debt to a much bring first amount and working out a payment cerebrovascular accident with your creditors.   6. What is bankruptcy? (0.5 points) The inability to pay back your creditors, to the extent that you list legal papers that put your finances under the revue of the court system.  ...If you want to get a full essay, practice it on our website: BestEssayCheap.com

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